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PPP Loan Data — Sonwil Distribution Center, Inc.,
Buffalo, NY
Sonwil Distribution Center, Inc.
Entity: Subchapter S Corporation
Industry: General Warehousing and Storage
Location: Buffalo, NY
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Sonwil Distribution Center, Inc. is a subchapter s corporation located at 100 Sonwil Drive in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $4,157,905.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
448Loan Approved:
2020-04-27Lender:
MANUFACTURERS AND TRADERS TRUST COMPANYSonwil Distribution Center, Inc. received a Paycheck Protection Loan of $4.16M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sonwil Distribution Center, Inc.'s total 2019 payroll expenses were approximately $19.96M in order to qualify for the PPP loan amount received.
Based on their reported 448 jobs retained, this equals an estimated average yearly compensation of $44,549 per employee1.
Business Information - Sonwil Distribution Center, Inc. in Buffalo, NY
100 Sonwil Drive
Buffalo, NY 14225
Business Industry
General Warehousing and Storage (NAICS code 493110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-26Similar Companies near Buffalo
In the Buffalo area, 2 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 224 employees (compared to this company's 448) and received an average PPP loan of $2,133,903 (compared to this company's $4.16M).
Similar Nearby Businesses Who Received PPP Funding:
3605 California Road Associates, Inc.
Buffalo, NY
Industry PPP Comparison Statistics
Nationwide, 3,025 businesses in the "General Warehousing and Storage" industry received a total of $593,729,644.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 96% lower than Sonwil Distribution Center, Inc.'s reported 448 employees, and received an average PPP loan of $196,274, 95% lower than this company's loan of $4.16M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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